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Updated about 4 years ago on . Most recent reply

User Stats

50
Posts
20
Votes
Matt Herbert
  • Rental Property Investor
  • Gilford, NH
20
Votes |
50
Posts

1031 Qualified Intermediary in NH

Matt Herbert
  • Rental Property Investor
  • Gilford, NH
Posted

Hey all,

I'm doing my first 1031 exchange. I'm selling a piece of land I've held for the last 13 years, and putting it towards a SFH. I was not originally intending to do an exchange, but a FSBO showed up on my radar earlier this week, and I ended up putting in a offer that was accepted last night.

My timeline is tight. I'm closing on the land sale on Feb 5th, (been under contract for a while). And the FSBO needs to close by the 16th, because they are being foreclosed on by the 18th.

I need a Qualified Intermediary ASAP. I've read that it doesn't have to be somebody local because it's federal regulations. However, given the extremely tight timelines, would I be smarter to use a local intermediary?

If anybody has recommendations for a good Qualified Intermediary in New Hampshire, I'd appreciate it.

Also, if some of the BP 1031 experts (eg: @Dave Foster or @Bill Exter) could chime in, I would be grateful.

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